Is Nicholson, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nicholson is a seller's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Nicholson was a Neutral Market.

Key Takeaway

Nicholson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Nicholson, GA

How much do homes in Nicholson, GA cost?

Median Sold Price

$300,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$37,000(+14.1%)

Key Takeaway

Homes in Nicholson have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Nicholson was $300,000 in August 2024, up 14.1% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $180K$195K
+8.3%
3 $273.5K$299.9K
+9.7%
4 $306K$405K
+32.4%
5+ $299K$610K
+104.0%

Summary: Nicholson housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 104%.

Housing Supply in Nicholson, GA

How many homes are available in Nicholson, GA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
3641+13.9%

Summary: The Nicholson real estate market had 41 homes for sale in August 2024, a 13.9% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 2024
+20.0%
4 88
0.0%
5+ 65
-16.7%

Summary: The Nicholson housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
28+300.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nicholson, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Nicholson in August 2024, up by 300.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Nicholson, GA

How long does it take to sell a home in Nicholson, GA?

Average Sale Time

Aug 2023Aug 2024CHANGE
6 Days40 Days+517.3%

Summary: Homes in Nicholson had an average of 40 days on market in Aug 2024, up by 517.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nicholson are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 8 homes were sold in Nicholson; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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